Nigeria’s central bank inject more notes to ease scarcity of lower naira denominations

Businessam StaffFebruary 27, 2018

By Temitayo Ayetoto To ease growing scarcity of lower naira denominations particularly among small scale traders, The Central Bank of Nigeria (CBN) has began the disbursement of the notes including N5, N10, N20, and N50 for wider circulation. Priscilia Eleje, CBN acting Director, currency operations department, disclosed this at a publicity campaign on ‘Disbursement of […]

Nigeria’s bureau of statistics to release q4 2017 GDP report Tuesday

Goddey OdinFebruary 23, 2018

Nigeria’s Bureau of Statistics (NBS) has announced that it will publish the fourth quarter 2017 Gross Domestic Product (GDP) Report on Tuesday 27th February 2018 at 9:00 am. Yemi Kale, the country’s statistician-general/CEO Nigerian National Bureau of Statistics made the announcement on Friday, via his official Twitter handle. The NBS chief said the bureau will also […]

CBN’s N9.5bn ASCON intervention project gets lawmakers’ nod

Ajose SehindemiFebruary 23, 2018

Yakubu Dogara, Speaker of Nigeria's house of representatives

The House of Representatives Committee on Banking and Currency has commended the Central Bank of Nigeria (CBN) on its ongoing intervention project at Administrative Staff College of Nigeria (ASCON), Topo, Badagry. The project, which is costing N9.5 billion is one of the several intervention projects across different sectors of the economy being undertaking by the […]

NESG, ICRC sign collaboration MoU to accelerate Nigeria’s PPPs

Ajose SehindemiFebruary 19, 2018

President Muhammadu Buhari receives NESG working document from Kyari Bukar, the Chairman Nigerian Economic Summit Group, NESG, during a courtesy visit by the Board and Management of the Nigeria Economic Summit Group (NESG) at the State House in Abuja. PHOTO; SUNDAY AGHAEZE. JAN 22 2018

The Nigerian Economic Summit Group (NESG) and the Infrastructure Concession Regulatory Commission (ICRC) have entered into an agreement to collaborate in enhancing the accelerated delivery of infrastructure in Nigeria through Public-Private Partnerships (PPPs) and other forms of private sector participation in infrastructure delivery. The signing of the MoU reflects the appreciation of the roles of […]

Low Nigeria-Indonesia trade blamed on poor non-oil export

Ajose SehindemiFebruary 15, 2018

Bagus Wicaksena, director, Indonesia Trade Promotion Centre (ITPC), has disclosed that the non-development of Nigeria’s non-oil sector was the reason for the low volume of trade between Indonesia and Nigeria. Wicaksena said while Nigeria’s non-oil exports to Indonesia had risen by 300 per cent since the introduction of new policies on ease of doing business […]

Nigeria, Australia trade hits N100bn in 2yrs

January 25, 2018

Paul Lehmann, Australian High Commissioner to Nigeria, Thursday announced that trade transactions between Australia and Nigeria in the last two years amounted to about N100 billion. Lehmann said trade relations between both countries in 2016 and 2017 were worth about AUD$343 million, approximately about N100bn. He said this in Lagos, Nigeria’s commercial capital The High […]

Nigeria’s ICRC to resolve concession disputes between FAAN, MMA2

January 22, 2018

The Infrastructure Concession Regulatory Commission (ICRC) said it will deploy everything within its ability to ensure the concession dispute between the Federal Airports Authority of Nigeria (FAAN) and Bi-Courtney Aviation Services is resolved. The commission, which is saddled with the responsibility of monitoring and ensuring the efficient execution of all Public-Private Partnership (PPP) projects entered […]